The Nifty Media index has shed 15 per cent so far in 2024 and is the sole index trading below the 200-DMA on the NSE. Chart suggests better days are likely ahead.
The Nifty Auto index is currently exhibiting a range-bound trend on the charts, confined within the levels of 25,460 and 24,560
Technical charts suggest that Paytm is likely to trade with a favourable bias; while others may display a subdued trend in the near-term.
From a technical perspective, it is worth noting that Nifty has formed a 'Shooting Star' on a weekly time and a 'Bearish Engulfing' on a daily time frame at record highs
Stocks in focus ahead of Union Budget 2024: These 11 stocks across sectors are likely to be in focus in anticipation of measures to be announced by the finance minister Nirmala Sitharaman on Tuesday,
In 2024 so far, the Nifty MidCap and SmallCap indices have slid to the 100-DMA in times of a market correction, show charts; check key levels here
As many as 71 out of the Nifty 500 stocks have surged more than 10 per cent in the first-half of July 2024 so far; here are the key levels to watch on 5 buzzing stocks of the current month.
Union Bank of India, Avenue Supermarts (DMart), CCL Products, FSN E-Commerce Ventures and Tata Power among 9 NSE stocks with bullish MACD crossover on the daily charts.
The Nifty 50 Index is currently displaying a bullish trend on the charts. However, resistance is expected around the 24,800 level
F&O stock watch: Shares of Mahindra & Mahindra and Shriram Finance face up to 15 per cent downside risk; whereas, Manappuram Finance and Sun Tv can potentially gain up to 13 per cent.
IT stocks outlook: TCS can potentially rally another 6 per cent from present levels; while Infosys, Wipro and LTIMindtree can rally up to 15%, suggest charts.
Most of the stocks are now seen testing the 20-DMA; trade along this key moving average is likely to dictate the near-term trend for electric wire-related stocks; suggest charts.
Auto stocks in focus: Maruti down 6 per cent in last 2 months; trading strategies for Maruti, Tata Motors and M&M as UP government waives-off registration fee on hybrid cars.
All you need to know before Indian stocks open for trade on Monday: Globally, bets on a US Fed rate cut rose on Friday post the jobs data; Asian shares traded with marginal losses this morning.
5 breakout pharma stocks: Glenmark, Lupin, Laurus Labs, Dr Lal PathLabs and Zydus Life can potentially rally up to 15 per cent, suggest charts.
Raymond stock outlook: Raymond has rallied 65 per cent in the last 3 months, and over 100 per cent in 7 months; the stock needs to break above Rs 3,173 for a further rally, suggests technical charts
Despite a near 5 per cent rally in HDFC Bank, the derivatives data shows tepid buildup in open interest; options data indicate strong resistance likely in the Rs 1,820 - Rs 1,835 range this July.
Adani group shares such as Adani Enterprises, Ambuja Cements, Adani Power and ACC seem favourably placed on the charts, and can potentially rally up to 22 per cent from current levels.
Market outlook July 02: Trading strategies for stock broking firms in India as the Sebi seeks parity on fees, stricter regulations to options trading.
Paytm, PVRInox, Bandhan Bank, Syrma SGS Technology and Alkyl Amines: Trading strategies for stocks that ended as losers in the first-half of 2024.